What changed in this filing

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Item 1B. Unresolved Staff Comments

2025-04-14 compared with 2024-03-27 · 40 added, 12 removed, 2 unchanged (96% of the section changed)

1 unchanged sentence

Cybersecurity

are a special purpose acquisition company with no business operations.

Since our IPO, our sole business activity has been identifying

and evaluating suitable acquisition transaction candidates.

Therefore, we do not consider that we face significant cybersecurity risk

and have not adopted any cybersecurity risk management program or formal processes for assessing cybersecurity risk.

Our board of directors

is generally responsible for the oversight of risks from cybersecurity threats, if any.

of the date of this Annual Report on Form 10-K, we have not encountered risks from cybersecurity threats that have materially affected,

or are reasonably likely to materially affect, our business strategy, results of operations or financial position.

For more information

about the cybersecurity risks we face, see the risk factor entitled “ Cyber incidents or attacks directed at us could result

in information theft, data corruption, operational disruption and/or financial loss ” in Item 1A- Risk Factors.

have developed policies and processes for assessing, identifying, and managing material risk from cybersecurity threats informed by industry-recognized

We have integrated these processes into our overall risk management systems and programs.

Our cybersecurity program includes,

among other things:

procedures to assess material risk from cybersecurity threats, protocols to monitor any potential unauthorized access

to, or conducted through, our information systems that may result in adverse effects on the confidentiality, integrity, or availability

of our information systems or any information residing therein, mechanisms to safeguard network infrastructure, mandatory employee training

on information security, and assessing the sufficiency of existing policies, procedures, systems, controls and other safeguards in place

to manage such risks.

As part of our risk management process, we have engaged and expect to continue to engage third party experts to

help identify and assess risks from cybersecurity threats.

Our risk management process is also designed to address cybersecurity risks

associated with our use of third-party service providers, and includes procedures such as reviewing security audits and controls of these

providers during the onboarding process.

connection with these risk assessments, we design, implement and maintain reasonable safeguards to minimize the identified risks and

address identified gaps in existing safeguards, update existing safeguards as necessary and monitor the effectiveness of our safeguards.

of December 31, 2024, we have no t identified any risks from cybersecurity threats (including as a result of any previous cybersecurity

incidents) that have materially affected our business strategy, our results of operations or our financial condition, but there can be

no guarantee that we will not experience a cybersecurity incident in the future.

We can give no assurance that we have detected or protected

against all cybersecurity threats or cybersecurity incidents.

more information about the cybersecurity risks we face, see the risk factor entitled “Cyber incidents or attacks directed at us

could result in information theft, data corruption, operational disruption and/or financial loss” in Item 1A - Risk Factors .

Board of Directors (the “Board”) has oversight responsibility over the Company’s strategy and risk management, including

material risks related to cybersecurity threats.

The Audit Committee of the Board (the “Audit Committee”) oversees the management

of systemic risks, including cybersecurity, in accordance with its charter.

The Audit Committee receives periodic reports from management

concerning our significant cybersecurity threats and risks and the processes we have implemented to address them, and engages in discussions

with management regarding the Company’s significant risk exposures and the measures implemented to monitor and control these risks.

These discussions include a review of our cybersecurity-related risk assessment and risk management policies.

in coordination with our information technology department, is responsible for hiring appropriate personnel, helping to integrate cybersecurity

risk considerations into our overall risk management strategy, and communicating key priorities to relevant personnel.

Management, along

with our information technology department, is responsible for approving budgets, approving cybersecurity processes, and reviewing cybersecurity

assessments and other cybersecurity-related matters.

cybersecurity incident response and vulnerability management processes are designed to escalate cybersecurity incidents to members of

management depending on the circumstances.

Our information technology department works with management, to

help mitigate and remediate cybersecurity incidents of which they are notified.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1B. Unresolved Staff Comments